Crypto.com has joined forces with the Dubai government to implement cryptocurrency payments for public services. This groundbreaking partnership, announced during the Dubai Fintech Summit on May 12th, supports Dubai’s vision of becoming a fully cashless city. 🌎 🏙️ 📱 Under the agreement, Crypto.com will offer digital wallets that enable individuals and businesses to use cryptocurrencies like Bitcoin, Ethereum, or stablecoins (e.g., Tether) for government payments. These transactions will be instantly converted into dirhams and deposited directly into Dubai Department of Finance (DOF) accounts. 💸 The initiative is a world-first as it enables a complete governmental shift towards digital payments. 🌐 ⚡️ 🤝 Amna Mohammed Lootah, Director of Digital Payment Systems Regulation at the DOF, emphasized the city’s goal of achieving 90% cashless transactions in both public and private sectors by 2026. This initiative is expected to contribute a significant boost to Dubai’s economy. 💰 📈 Crypto.com’s involvement positions them as a key player in Dubai’s digital transformation, facilitating the integration of crypto into everyday government transactions. 🏛️ The move solidifies Dubai’s position as a leading hub for cryptocurrency innovation and adoption across multiple sectors. ✨ 🌎